British hedge fund asks Japan to reconsider offer

Forbes- A British hedge fund asked the Japanese government to reconsider its rejection of the fund’s plans to raise its stake in major utility J-Power.

The Children’s Investment Master Fund said Friday the decision process lacked transparency and included incorrect information and false premises, according to a statement.

The government, however, is unlikely to change its decision, which followed a panel study and cited potential disruptions to "public order."

A government official, speaking on the condition of anonymity customary for bureaucrats here, said the fund’s latest statement said nothing new.

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